United States President Donald Trump said on Monday a new US trade pact with Canada and Mexico is “a great deal” for all three countries.
Hailing one of his signature economic policy measures amid a political storm engulfing his White House, Trump welcomed a wonderful new era of North American trade.
“Late last night, our deadline, we reached a wonderful new Trade Deal with Canada, to be added into the deal already reached with Mexico,” Trump said on Twitter.
“It is a great deal for all three countries.”
The new pact known as the United States-Mexico-Canada Agreement (USMCA) “solves the many deficiencies and mistakes” in the 24-year-old North American Free Trade Agreement (NAFTA) it replaces, Trump added.
USMCA “greatly opens markets to our Farmers and Manufacturers” while reducing trade barriers “and will bring all three Great Nations closer together in competition with the rest of the world. The USMCA is a historic transaction!”